April 8, 20261 views0 shares
Brazil's Sugar Exports Grow in Q1 Despite March Decline
Brazil's sugar exports in March fell 1.4% year-on-year to 1.8 million tons, with average prices dropping 23.6%, leading to a 24.7% revenue decrease. However, cumulative first-quarter exports reached 6.05 million tons, a 5.8% increase from the previous year. Despite this volume growth, a 23.5% decline in average prices resulted in a 19.1% year-on-year decrease in Q1 revenue, totaling US$2.22 billion.
Detailed data released on Tuesday by the Secretariat of Foreign Trade (Secex) of Brazil's Ministry of Development, Industry, Commerce and Services (MDIC) indicates that despite a decline in March, Brazil's overall sugar exports saw an increase in the first quarter of the year.
Specifically, Brazilian mills exported 1.8 million tons of sugar in March. This figure represents a 1.4% decrease compared to the 1.83 million tons observed in the same month last year. When compared to February, March's export volume also saw an 18.9% retraction. Concurrently, the average export price experienced a significant annual reduction of 23.6%, settling at US$363.40 per ton. Consequently, the total financial value for March decreased by 24.7% year-on-year, from US$871.94 million to US$656.28 million.
However, for the cumulative period of the first quarter (January to March), sugar exports totaled 6.05 million tons, marking a 5.8% increase compared to the same period in the previous year. Despite this growth in volume, the average price for the period declined by 23.5% to US$366.64 per ton. As a result, the total revenue for the first quarter amounted to US$2.22 billion, a 19.1% decrease year-on-year.